Visa Collaborates with Seven Startups to Drive Payments Innovation in Asia Pacific

Visa, the financial services corporation, has unveiled its partnership with seven promising startups in the Asia Pacific region through the Visa Accelerator Program. Selected from a competitive pool of over 450 applicants, these startups from India, Mainland China, Thailand, Singapore, and Germany will embark on a six-month program, working alongside Visa’s payment experts, business development teams, and customers. 

This collaboration aims to foster co-development, testing, and iteration of innovative solutions while validating them against commercial opportunities within Visa’s extensive network of financial institutions, merchants, and digital partners.

One of the chosen startups is Dowsure, originating from Mainland China, which specializes in providing digital financing experiences to cross-border merchants operating on global e-commerce platforms. Singapore-based Doxa Holdings offers a collaborative trade platform that streamlines procure-to-pay and financing workflows across various industries. 

Additionally, Kadmos, a German startup, introduces an end-to-end salary payments platform designed specifically for migrant workers, combining fintech innovation, transparent foreign exchange services, and low margins.

Also, Playbux from Thailand presents a fully integrated Web 3.0 community platform that merges blockchain technology, NFTs, and virtual communities for immersive commerce experiences. 

Transpure, an Indian startup, focuses on frictionless cross-border payments and remittances, while Twid, also from India, operates as a rewards-based payment network, enabling reward points to serve as a mode of payment across a diverse range of merchants.

“We are delighted to be chosen to be part of the Visa Accelerator Program as we see the synergies and opportunities in bringing innovation to the cross-border payment space,” said Sandeep Chandalia, Co-founder and CEO of Transpure. “As an entrepreneur, I see great value in Visa’s experience and expertise to further our growth and enhance the capabilities of our core products.” Chandalia expressed excitement about the collaboration with Visa, highlighting the significant impact it can have on Transpure’s expansion and the advancement of their offerings in the cross-border payment sector.

Recognizing the growing demand for convenient and secure digital commerce, banking, and payments solutions, Visa aims to collaboratively develop innovative digital commerce experiences with the selected startups. 

By partnering with Plug and Play, a renowned global innovation platform, Visa strengthens the impact of the Visa Accelerator Program 2023. Leveraging Plug and Play’s extensive experience in driving innovation and supporting major corporate accelerator programs, the collaboration seeks to attract and accelerate startups poised to tackle industry challenges and scale new technologies.

Through this strategic alliance, Visa and Plug and Play combine their resources and knowledge to empower the selected startups in overcoming obstacles and maximizing their potential. The Visa Accelerator Program 2023 aspires to create a thriving ecosystem of collaboration, innovation, and growth, paving the way for groundbreaking solutions that cater to the evolving needs of consumers in the digital age.